State of EOS: 13.11.2018

Where to begin. There’s a few things I want to cover today – but first let’s take a look at some stats.

Top 10 Dapps EOS

Users 24h: 25,000

Volume 24h: 8,3m EOS – 46,6M USD

Compared to ETH

Users 24h: 4797

Volume 24h: 4597 ETH – 956,176 USD

This is simply staggering numbers. EOS dapp volume is almost 50 times higher than ETH, and the number of users are 5 times higher. Yet the market cap of Ethereum is 4 times higher. So what’s it going to be? ETH valued at 4,2M USD mcap or EOS valued at 200B mcap, twice that of Bitcoin right now? Partly joking, because you cant value something in such a simplistic way, but something is definitely skewed here and one of the two is not correctly valued. It might be that ETH is overvalued because people are expecting big things to come, whereas EOS is more correctly valued because yes it had a very high valuation before mainnet, but it actually delivered on the promises (and more IMO). So don’t take this analysis too seriously, but it’s worth thinking about. And the numbers are facts and they speak a whole lot of truth.

Thanks to EOSTitan

Here you can see the hourly actions past 7 days.

As well as hourly transactions, CPU usage and Network Usage past 7 days.

Transactions are ten times as high as ETH, at 0,42% capacity. I see that WAX has passed us, but I wouldnt worry too much. I’ve tried to inquire about it, but I don’t find much. It’s a 100m mcap blockchain allegedly based on EOS (forked?) and according to their site they have traded items worth 2,1M USD the past 24h. I looked at what they are supposedly trading it seems to be mostly stickers and stuff. So my guess is stress-testing and not real transactions. But I could be wrong! Please prove me wrong and I will change it. Marketplaces like that will however be huge, so not a bad project. Not fudding it. But I doubt it has more real transactions than EOS.

Gambling

This is of course the main thing everyone cares about now. The first real utility for crypto currencies beyond peer to peer transactions of digital money is decentralised gambling – making use of smart contracts, reducing risk for the player as well as reducing house edge. Not only that, but they have invented a clever way of mining tokens and everyone can stake their tokens and get some nice dividends from other players when they gamble.

Yesterday POKER went up as high as 0.650 – it even made a short trip to 0,890, almost 1:1 with EOS. Poker pays out incredible dividends every day, and is the first BJ site on EOS. The UI is a little bad, but the team has proven to be serious and they are working on a new UI as well as pvp token (texas holdem type) within a few months.

This is a screenshot from their Telegram. I think it looks good.

Another incredible piece of news that came out was this from BETDICE:

First they announce that they will be listed on CoinTiger and BitForex. It doesnt sound like much, but with these listings they might actually be listed on Coinmarketcap. But, they write that they also are in communication with one of the largest exchanges.

But they have even bigger news – They are adding KARMA and POKER to their platform, so you will be able to play any of their games betting with these tokens. That is huge news – even for POKER.

The UI will be changed for Betdice as well, and they are advertising on Google to attract more users. AND they are releasing BlackJack and SicBO by the end of November, and in Dec-Jan we can expect Slots, Millions, Texas Hold-em, Five card stud and Roulette.

https://medium.com/@betdice/betdice-announcements-12-nov-2018-fc8be3d85b19

These guys rock. And don’t worry, there is plenty of room for growth and competition if you hold other tokens as well. The gambling industry is a 50B USD industry and right now at perhaps a combined 100-150m mcap for EOS based gambling tokens we are around 0,2%, or perhaps more likely 0,1% of the market. If we take 2% that means a 10-20x growth. That is VERY likely this year in my not investing advice opinion. And a 20% market share within 2-4 years which is a 100-200x growth. I think that is quite conservative. And that is not counting your dividend payouts.

I would also like to mention that Endless (ET) added their endless millions yesterday which is going fairly allright. Big.game added Poker wars. Not my cup of tea, but it is a good competitive move.

Another one that has been flying is EOSjacks with a daily vol of almost 4M EOS. But some well known whales has been gambling and that could be the reason for the very high volume. It has been payout out great dividends these past 3-4 days its been up, so lets see if that continues.

Then we have the “next generation” of EOS bet games, which is the “crash” games. EOScrash and Fastwin seems to be the two big ones, both having pre sales. The crash games are quite fun and addicting, so be careful. With some luck you can turn 1 EOS into 10x, 20x, 50x, 100x or even 1000x. Or you can lose it.

Prospectors
A quick update on prospectors. For those who don’t know, this game has been in the making for quite some time and did recently mitigate from ETH to EOS. They just announced 500 open seats for beta testing. This game sounds like it will be the next generation of crypto games.

https://prototype.prospectors.io/complete?locale=en

And that’s it I think. Never a boring day in EOS. I almost forgot to mention what was happening outside of EOS, but I am not that interested anymore. EOS is actually down quite a bit, almost 4% today so that could be a good buy. Looking at Bitcoin It looks like we are in a slow uptrend and that it is in no hurry to break out either way until next year. Some action Jan/feb 2019?

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Disclaimer: Everything I write are MY opinions. I am not a financial advisor, nor am I an expert on anything. Even if I am enthusiastic for something, I might be wrong and it can turn out to be something shitty. I can’t guarantee that I will go back and edit my article. I will do my absolute best to do so and to make sure that what I write is correct, but I can’t give any promises. Do your own due diligence and take responsibility for your self. Thank you.